30 Year Yield Falls To A Record Low
Back To Back Declines The stock market wasn’t heavily overbought heading into the recent back to back declines. But it was getting expensive as the S&P 500’s forward PE ratio was about 19. When stocks or a market are expensive, anything can take them lower. If the market starts to realize Bernie might win the…
Is The Economy Contracting?
Below 50 Markit PMI! It was wrong in to predict that the Markit manufacturing PMI would beat estimates. This February flash reading had an across the board miss. It was correct that outside of the Boeing 737 Max delays and the coronavirus the manufacturing sector is doing well. The latter had a significant impact on…
Fear is Coming to the Market
The SPX closes right at the edge of the lower expected move for the week. Once again the expected moves Don talks about every Friday has played a major factor in the market. Will fear cause investors to pull out of this market near all time highs? Or will the status quo continue to drive…
Morning Crash: Here Are The Sellers!
Mini Crash It’s quite amazing that the day after Jim Cramer asked where the sellers were the market has a mini crash. S&P 500 fell 1.23% from peak to trough in 50 minutes on Thursday morning. That confused traders who didn’t see it coming. After the market gapped down, traders bought the dip so the…
Manufacturing Spikes & 69% Of Employers See Talent Shortage
Big Spike In Philly Fed It appears that the manufacturing sector is turning around. It's coming true despite the weakness in China catalyzed by the coronavirus. Empire Fed index increased sharply and now the Empire Fed index increased too. General business conditions index was up from 17 to 36.7 which was its highest reading in…
Market Sends Warning Sign to Us Today
The market sent a clear message to us today that risk still is present and volatility can spike without warning at any moment. In tonight's video, Corey highlights this "warning sign" the market sent us and updates the successful positions in Gold, Treasuries, and Oil along with stocks.
Where Are The Sellers??
January Fed Minutes January Minutes suggested the Fed won’t be moving rates anytime soon. That’s a reasonable assessment since inflation is low, but increasing, trade worries have diminished, and equity prices are high. We are living in a so-called Goldilocks economy which means the Fed shouldn’t move in the near term. Specifically, the Minutes stated,…
Housing Market Is On Fire
Redbook Sales Growth Improves Consumer spending growth has been humming along just fine based on the recent retail sales reports. They haven’t been amazing, but they are good enough to keep the expansion going. Because other aspects of the economy are weak, real final sales growth was low in Q4 and might be that way…
Time to go Long Energy Stocks?
The energy sector has been in a decline for the last year as energy prices continue to be deflationary. Will deflation end in the energy market and provide some great opportunities for long investors? Don answers this question along with the types of trading strategies you may want to take depending on your risk tolerance...
Apple Warns About Sales Due To Coronavirus & Tesla Explodes Higher
Stocks Mixed As Apple Warns About Coronavirus The stock market was hurt by Apple’s coronavirus related warning as the S&P 500 fell 0.29%. It’s interesting that the Nasdaq was up 2 basis points since it’s traditionally considered tech heavy. Obviously, Apple is in all major indexes except the Russell 2000. Coronavirus’ growth rate has been…